The Crystal Point Condos - Jersey City waterfront

[David Wrenn]

Here is the link to the new slide show of Crystal Point images from the Marketing Directors Inc.......Enjoy!

http://slide.tw/03YAtgAgCkGkM

[Michael]

Sales have substantially increased since the new 30 year tax abatement was approved.

With 77 Hudson's tax abatement rejection it looks like Crystal Point maybe the only community in the area to be so lucky.

In reference to your statement "sales have substantially increased since the new 30 year tax abatement was approved" can you elaborate.

It's not like the market riding high, so I am interested to hear how or why, or some kind of details on this sales volume increase?

[David Wrenn]

In reference to your statement "sales have substantially increased since the new 30 year tax abatement was approved" can you elaborate.

It's not like the market riding high, so I am interested to hear how or why, or some kind of details on this sales volume increase?

Here's a new blog I wrote up, it speaks briefly to the new increase in sales activity seen at Crystal Point as well as featuring some of the design elements.


Here is the link to the blog.......
www.thewrennreport.wordpress.com

[Monica]

So how are closings coming? Are dates getting firmed up and are any delays expected?

[David Wrenn]

Here's an update from the Marketing Directors.....
http://themarketingdirectorsinc.word...in-early-2010/

It's mainly fluff, but closings are proceeding as planned in January and will continue from that point on based on floor elevation, etc

Fisher is pretty reliable, for a developer, when it comes to closings.

[David Wrenn]

Congrats to all who made Crystal Point a success!

"Upscale Jersey City Condo Building A Gold Award Finalist In The Nationals Competition, Including Coveted Community Of The Year"

"Most notably, the iconic 42-story building rising along the Hudson River waterfront was singled out in the coveted Community of the Year category. Crystal Point and members of The Marketing Directors, Inc., its marketing and exclusive sales agent, also received Silver Awards in the categories of Sales Person of the Year, Sales Team of The Year, Sales Manager of the Year, Best Brochure, Best Internet Marketing Campaign, Best Integrated Internet Marketing Campaign, Best Overall Ad Campaign and Best Sales Center."

Here's the full article from the Marketing Directors....
http://themarketingdirectorsinc.word...eting-council/

[Sara]

Is this for real?

What makes Crystal Point so great? Is it the new tax abatement, a change in the market, the views.......

I thought Luxury property sales was in the tank?

[noons]

Have you been to the building?

I would start there, the views and location are fantastic.

[Michael]

Luxury property Sales are in the crapper.

However Crystal Point is the exception. I think it has a lot to do with the location.

Being on the water is being on the water. It has its own market.

How many sales are they up to now?

When do the closings actually start?

[David Wrenn]

Luxury property Sales are in the crapper.

However Crystal Point is the exception. I think it has a lot to do with the location.

Being on the water is being on the water. It has its own market.

How many sales are they up to now?

When do the closings actually start?

Closings begin today, I believe and will stretch through the summer depending on the home that was purchased.

I also believe you are correct with your reasoning as to why Crystal Point has managed to be as successful as it has.

That location and those views are just that good, it's hard to get the point across unless you have been into the building.

Another reason the for the pick up in sales is the new 30 year (PILOT) tax abatement. They are the only new construction building that I can think of that has such an aggressive abatement.

The last factor is the general economy has improved, peoples investments, who didn't sell them, have likely improved from their low point. Many believe the bottom has come, which gives people a feeling of comfort who are more risk averse than not.

[mainstreet]

I heard people started moving in. Is or when will the waterfront walk way re-open?

[David Wrenn]

As of the beginning of this week there were 5 new happy residents as Crystal Point. There are more moving in everyday.

As far as the waterfront walkway, I will have to check on that.